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also tossed around a name out there, erskine bowles. one of the two bowles-simpson. and if the president was to embrace bowles-simpson and put erskine bowles at treasury, would that be a signal that he is in it for the long haul on bowles-simpson in the broad term? >> i think it would be. it would be a brilliant idea. if he can get some kind of agreement on the lines of their recommendations, that will be a triumph. politically for him. and i think also, the country will benefit. i think one thing he might do if it's not bowles would be to offer the treasury to romney. i'm sure he would probably turn it down but it would be the ultimate gesture. i don't think it will happen. i agree john kerry will probably end up at secretary of state. i must say that my sources in the obama white house have been rather quiet since january 2009. [ laughter ] so i'm not sure i have any other inside information. i do that panetta is an interesting man, because he has said that the sequestration, the reduction of funds of the pentagon pentagon happens it will destroy and hallow out the
also tossed around a name out there, erskine bowles. one of the two bowles-simpson. and if the president was to embrace bowles-simpson and put erskine bowles at treasury, would that be a signal that he is in it for the long haul on bowles-simpson in the broad term? >> i think it would be. it would be a brilliant idea. if he can get some kind of agreement on the lines of their recommendations, that will be a triumph. politically for him. and i think also, the country will benefit. i think...
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Nov 17, 2012
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>> the simpson bowles plan has two revenue components. one is they assume in their baseline, in their starting point, that you will get the same amount of revenue you would achieve if you allowed the top rate to go back to clinton era levels, a little over 39%. on top of that, they generate about a trillion dollars through tax reform. so what we've said is if you want to hit the deficit reduction targets of simpson bowles, you need to be able to get the amount of revenue that's assumed in their deficit numbers. and that is much closer to the president's proposal of 1.6 trillion. in fact, the president's $1.6 trillion revenue is less than the total amount of revenue that simpson bowles assumes as part of their package. and the president achieves that through a combination of having the rate go up, but also through a tax reform proposal. his proposal, the president's, would limit the value of deductions for high income earners to 28%. >> let's talk about the tax hike that may be in play at this point. do you think that president obama recei
>> the simpson bowles plan has two revenue components. one is they assume in their baseline, in their starting point, that you will get the same amount of revenue you would achieve if you allowed the top rate to go back to clinton era levels, a little over 39%. on top of that, they generate about a trillion dollars through tax reform. so what we've said is if you want to hit the deficit reduction targets of simpson bowles, you need to be able to get the amount of revenue that's assumed in...
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Nov 28, 2012
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. >> texas senator john cornyn says the bipartisan simpson-bowles deficit plan offered meaningful savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deduction, credit and the like that could be cut as part of grand bargain. we ought to look at that. we need to flatten the code, simplify it and make it pro-growth. >> on the democratic side, senate majority leader harry reid told reporters he would like credit for what congress previously cut. >> we have already done a billion dollars worth of cuts. >> today, the top democrat in the house took a similar approach. >> i think it's important to note we have already agreed to $1.5 trillion in cuts in the budget control act and other acts in this session of congress. so now we wait to see the revenue piece to that. >> asked what she would be willing to slash as part of this deal? >> we'll be talking about that later. >> rank and file house members say they realize more must be done now. >> we can means test entitlements, so for folks making $1 million year, you know, maybe they aren't able to access medicare. th
. >> texas senator john cornyn says the bipartisan simpson-bowles deficit plan offered meaningful savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deduction, credit and the like that could be cut as part of grand bargain. we ought to look at that. we need to flatten the code, simplify it and make it pro-growth. >> on the democratic side, senate majority leader harry reid told reporters he would like credit for what congress previously cut....
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i take my lead on this from simpson-bowles and their framework. in their framework, they assume the amount of revenue as if you started tax reform from a 3% rate. that is part -- 39% rate. that's part of their built-in assumption. i am all for doing tax reform. the issue is from what starting point. the simpson-bowles starting point which assumes the revenue from 39% is the right way to go to get the mix that they got in hitting their deficit reduction target. but look, if what the speaker boehner was saying is that he is truly willing to get what we consider congressional budget office revenue, we can work with one another. if what he is saying is what a lot of republicans used to say, which is we're just going to lower rates on the wealthy and that is going to somehow generate enough snore no. he was talking about closing loopholes and deductions. >> but grover norquist doesn't think that -- >> chris: the -- >> let me be clear. the tone was good. the jury is still out on what the substance of what he said is. others may be able to clarify. he sa
i take my lead on this from simpson-bowles and their framework. in their framework, they assume the amount of revenue as if you started tax reform from a 3% rate. that is part -- 39% rate. that's part of their built-in assumption. i am all for doing tax reform. the issue is from what starting point. the simpson-bowles starting point which assumes the revenue from 39% is the right way to go to get the mix that they got in hitting their deficit reduction target. but look, if what the speaker...
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Nov 27, 2012
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he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership this week to discuss this and take a leadership role in this fight? >> the president is taking a leadership role in this fight. i think people need to sit down as they have looked for ways to find progress. as you know the president already had the congressional leaders to the white house a little while back. people are pursuing different ideas right now to try to make -- to try and prevent us from going over the fiscal cliff, and the president has laid out a very clear map, road map for how we do that. martha: all right we walked right up to it in the grand bargain and then it didn't happen. we all hope that you all will be successful in your work this time around and we thank you very much for being with us today, good conversation, representative. thank you very much. bill: a new challenge to obamacare that some argue will put the issue back in front o
he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership this week to discuss this and take a leadership role in this fight? >> the president is taking a leadership role in this fight. i think people need to sit down as they have looked for ways to find progress. as you know the president already had the congressional leaders to the white house a little...
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whether it's simpson bowles or the super committee is to have three or four dollars in spending cutting for every dollar in revenue. >> brian: will there be entitlement? medicaid or medicare? >> bob: yes. >> brian: durbin said he would be interested in that. is the president going to keep it to 250,000? that is a negotiating point. if eric cantor said don't talk to me about raising rates that would be wrong. warren buffett says $500,000 should be the threshold. why is the president saying it's $250,000 or i am not signing it? >> kimberly: it's campaign promises. that is his political ideolog ideology. instead of what is best for the country. >> eric: put you on the spot -- >> kimberly: the math shows it won't make a difference. why is he doing it in any way? because he said he would. not good enough reason. obligation to the country. >> bob: he said he wouldn't allow tax cuts to go for people making that money. i think that between that and entitlement reform you will get a deal. >> eric: let me ask this question. i call grover norquist, what is going on here? he said read between the l
whether it's simpson bowles or the super committee is to have three or four dollars in spending cutting for every dollar in revenue. >> brian: will there be entitlement? medicaid or medicare? >> bob: yes. >> brian: durbin said he would be interested in that. is the president going to keep it to 250,000? that is a negotiating point. if eric cantor said don't talk to me about raising rates that would be wrong. warren buffett says $500,000 should be the threshold. why is the...
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erskine bowles, coauthor of the simpson-bowles plan, they want the business community to hear their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. >> chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. >> the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. >> we'll wait on the president and hope he can bring people together to forge a compromise. if he does, we will get there and if he doesn't, we won't. that simple. white house released a report on cyber monday warning that a deadlock would crush retailer and devastate consumer spending, white house spokesman carney pushed back on the idea that the talks are stalled, as well as that the president is not showing leadership. >> so he spent mixed signals on the white house willingness to make concessions. >> he is clear about the president's interest and willingness to compromise. but also, his clear insistence that he will not sign an extension of the bush e
erskine bowles, coauthor of the simpson-bowles plan, they want the business community to hear their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. >> chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. >> the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. >> we'll wait on the president and hope...
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co-author of the simpson-bowles and the republicans want the business community to hear their ideas and make the case a big deal should include spending cuts and reforms. >>shepard: thank you, mike, from capitol hill. grover norquist will join neil cavuto next hour and talk about breaking the anti-tax pledge by some republicans. >> the generation leader who brokered the cease-fire between israel and hamas is in a world of hurt now standing by a you positive we are grab that sparked violent protests. egyptian president morsi is trying to ease the violent backlash over his new power. here is the back story. president morsi essentially gave himself total power over egypt issuing a number of decrees including all decisions he makes are final so the judges do not have any say and another that states that no legislature and no court can overturn any law he makes. so, poof, he dictator, saying he is trying to speed up the government transition but opponents argue he has appointed himself a new dictator and egyptian health officials say violent clashes between police and the pro democracy d
co-author of the simpson-bowles and the republicans want the business community to hear their ideas and make the case a big deal should include spending cuts and reforms. >>shepard: thank you, mike, from capitol hill. grover norquist will join neil cavuto next hour and talk about breaking the anti-tax pledge by some republicans. >> the generation leader who brokered the cease-fire between israel and hamas is in a world of hurt now standing by a you positive we are grab that sparked...
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. >> he says they should share the recommendation shared by simpson-bowles. there is not much time left to work things out. >> wendell goler live on the north lawn. do you think congress should raise the taxes on millionair millionaires? let me know on twitter. the stocks were mixed to open the week. dow lost a fraction. nasdaq last half a point. new heading to the twitter verse. you should pay attention. that's later in grapevine. up next, is israel getting involved in syria civil war? beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost.com. >> bret: iran is trying to give the u.s. and israel something to think about, as tensions escalate over the nuclear program. iran is conducting large scale air defense drills featuring jet fighters, drones and about 8,000 troops. the week-long exercise covers the entire eastern half of iran. there are fears tonight that syria's civil war co
. >> he says they should share the recommendation shared by simpson-bowles. there is not much time left to work things out. >> wendell goler live on the north lawn. do you think congress should raise the taxes on millionair millionaires? let me know on twitter. the stocks were mixed to open the week. dow lost a fraction. nasdaq last half a point. new heading to the twitter verse. you should pay attention. that's later in grapevine. up next, is israel getting involved in syria civil...
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the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast, trying to do too much for too many. a child, a 12-year-old with a basic understanding in this country that would equate to, a second grade math comprehension could understand this isn't working. and we have people playing such games, such silly games in washington. and do we go over the cliff? right now i would say the odds are very high that we do because these people have no appreciation for their responsibilities. either to themselves, their constituents or to the country. megyn: lou dobbs, always interesting talking to you. thank you so much for being here. >> thank you. megyn: we'll call it a cyber monday twist. a group of countries led by china, russia and iran pushing for a deal this week that would give the united nations control over the internet. a look what that could mean for america just ahead. >>> democracy under attack in egypt after that country's first freely elected president make as power grab putting him
the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast, trying to do too much for too many. a child, a 12-year-old with a basic understanding in this country that would equate to, a second grade math comprehension could understand this isn't working. and we have people playing such games, such silly games in washington. and do we go over the cliff? right now i would say the odds are very high that we do because these...
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the simpson-bowles commission which simpson and bowles wrote a plan that included taking taxes up to 21% over 10 years with spending cuts that were really written in out line form. the challenge is the president has not put any real spending cuts on the table. when he talks about his budget, it includes $800 billion in savings from not continuing the iraq war for the next century which no one was planning to do. and he counts between $1 trillion and $2 trillion in spending cuts that have been passed into law. the spenting cuts from the budget control act. he wants to count a second time. he hasn't put real spending reduction and certainly no entitlement reforms on the table. until he does it's all a campaign. shannon: the president did put together a budgetary framework that got zero votes. no republicans, no democrats. so he has a big thanks ahead of him. he has an issue of leadership that speaker boehner calls on him to step up on. there seems visibility very little common ground. you mentioned entitlement reform. politicians do talk about it but they are afraid lit cost them their
the simpson-bowles commission which simpson and bowles wrote a plan that included taking taxes up to 21% over 10 years with spending cuts that were really written in out line form. the challenge is the president has not put any real spending cuts on the table. when he talks about his budget, it includes $800 billion in savings from not continuing the iraq war for the next century which no one was planning to do. and he counts between $1 trillion and $2 trillion in spending cuts that have been...
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would like to see the president embrace the recommendations of his own bipartisan fiscal commission simpson-bowles. there are a lot of good ideas out there. but the president is still on the campaign trail and doesn't appear to be serious about averting this fiscal cliff cop the end of the year. megyn: some posit the president may want to go off the fiscal cliff because then we all get tax hikes. the so-called rich get tax hikes. then he will say tax hikes have gone up for everybody. so now you have got to agree to lower taxes on the middle class and you wouldn't be blamed with failing to stop them from going up on the rich. at that point how could you say no? >> it's not that simple because part of this equation involves things like the sequestration which goes into effect in january. $1.2 trillion in cuts in federal spending begin with the fiscal cliff will put us in a recession. then we have got the debt ceiling limit which is mid-february, early march. we need to wrap all of this up into a common sense bipartisan grand bargain. just game this out by saying we are going to dive off the fiscal c
would like to see the president embrace the recommendations of his own bipartisan fiscal commission simpson-bowles. there are a lot of good ideas out there. but the president is still on the campaign trail and doesn't appear to be serious about averting this fiscal cliff cop the end of the year. megyn: some posit the president may want to go off the fiscal cliff because then we all get tax hikes. the so-called rich get tax hikes. then he will say tax hikes have gone up for everybody. so now you...
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if something is proven even president simpson-bowles, if something is proven to work, don't look at electorate, look at polls. that is what politicians are doing. >> not looking at polls. what the voters have decided. >> voters want more jobs and raising taxes will not create more jobs. >> the voters decided on president obama's agenda. listen i think there has to be compromise, don't get me wrong. i think everyone has got to give but reality in terms of dealing with the big problems, particularly entitlement reform, tax reform, the republicans are going to have to give on revenue. they will have to give on tax increases. if they do not, i do not think there will be a deal. jon: right now government expenditures are gobbling up a huge percentage of our gdp something like 24%, chris. that's, at near historic highs. is that really the appropriate way to grow the economy. >> but there is flip side to that. the flipside to that, if you look at spending, look at revenue, excuse me to gdp it is about 15%. we had collapse in revenues since the recession began. you have to have more revenues coming in
if something is proven even president simpson-bowles, if something is proven to work, don't look at electorate, look at polls. that is what politicians are doing. >> not looking at polls. what the voters have decided. >> voters want more jobs and raising taxes will not create more jobs. >> the voters decided on president obama's agenda. listen i think there has to be compromise, don't get me wrong. i think everyone has got to give but reality in terms of dealing with the big...
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you know what, simpson-bowles warned us about this. if we have draconian cuts as the other side has recommended, what we're going to have is a worse situation and a renewed recession and i don't think you want that, and i don't want that, am i correct. bill: a lot of folks would say 16 trillion in debt is something that is unacceptable. >> it is unacceptable. bill: this is the editorial from the "washington post" now okay. at some point president obama has to prepare the american people and his own supporters, most of all, for the hard decisions required to put the country on a sound financial footing. only one person is in a position to make it happen. i'll give you the last word. when will it happen? >> the yes is there's going to be a review, and it has been going on since the healthcare act of what hedda car medicare does and what it does not do. that does not mean have you to reduce the benefits of those who paid into the program. that we have to make clear before we even discuss medicare. it should not be in this deal. give the m
you know what, simpson-bowles warned us about this. if we have draconian cuts as the other side has recommended, what we're going to have is a worse situation and a renewed recession and i don't think you want that, and i don't want that, am i correct. bill: a lot of folks would say 16 trillion in debt is something that is unacceptable. >> it is unacceptable. bill: this is the editorial from the "washington post" now okay. at some point president obama has to prepare the...
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the simpson-bowles guys are like, all right. i realize that politically, that makes sense that you can make the rich have higher taxes, but what about the big picture? it's the tiniest fraction of the big pie. >> the president says we'll get to that later. he wants to get the win right now. demonstrate to his political pwaeurbgs the same folks that he had at the white house, demonstrate to these people, look gearing to break the backs of the republicans on this issue. we will make them accept higher taxes for ho top earners. and later we'll come around and deal with the bigger issues. republicans are looking to start laying the grounded work for a big deal now. what the president is trying to do is break the back of the republicans right now on the taxes to offset the spending cuts that republicans don't want on the military, and then once the republicans are in disarray then look about making a dole on entitlements. republicans are rightly skeptical. megyn: what would the republicans -- right now the republicans don't want to r
the simpson-bowles guys are like, all right. i realize that politically, that makes sense that you can make the rich have higher taxes, but what about the big picture? it's the tiniest fraction of the big pie. >> the president says we'll get to that later. he wants to get the win right now. demonstrate to his political pwaeurbgs the same folks that he had at the white house, demonstrate to these people, look gearing to break the backs of the republicans on this issue. we will make them...
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the same approach given president obama by the bowles-simpson commission. in washington, jim angle, fox news. >> arthel: thanks for breaking that down. by the way, nearly a quarter million customers without power, nearly two weeks after hurricane sandy. we're going to talk to an expert about what rights consumers have when they're left in the dark >> rick: bottom of the hour. day 12 without power for hundreds of thousands of storm victims on long island, new york. some are protesting against the local utility company. new details on the f.b.i. investigation behind the resignation of c.i.a. director david petraeus. the agency reportedly started monitoring the general's e-mails after reports that his biographer, paula broadwell, may have had access to his personal account. conversations between petraeus and broadwell allegedly revealing the affair. >>> a 4.3 quake hitting kentucky. it could be felt for miles around. residents in eight other states also report feeling the tremors. >> arthel: rick, residents aren't the only ones complaining. the governor of new
the same approach given president obama by the bowles-simpson commission. in washington, jim angle, fox news. >> arthel: thanks for breaking that down. by the way, nearly a quarter million customers without power, nearly two weeks after hurricane sandy. we're going to talk to an expert about what rights consumers have when they're left in the dark >> rick: bottom of the hour. day 12 without power for hundreds of thousands of storm victims on long island, new york. some are...
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>> what i would like to see done, i'd like to see us lower rates and broaden the base just like the simpson-bowles has it. i would like to see the 1986 tax act then i would love to see spending reductions. you know, a low rate flat tax is not only fair, it's also efficient, it creates prosperity. it's worked every single time and that's what they should do. now how you play it politically, you know, that you have to be on the inside to understand, but i don't mind the republicans coming to a deal, as long as they don't give up their opposition to raising tax rates and a low rate flat tax, i love a low rate flat tax. martha: we'll see. the president said you should have a level playing field. >> a level tax rate too. martha: he didn't seem to be referring to that? no he wasn't. martha: thank you very much. >> thank you very much, martha. bill: it is as american as anything one can imagine, and these three are some of its best known players in history. you'll see them in a moment. why they are on a list that is causing the great past time a whole lot of agitation. ♪ take me out to the ball game. t
>> what i would like to see done, i'd like to see us lower rates and broaden the base just like the simpson-bowles has it. i would like to see the 1986 tax act then i would love to see spending reductions. you know, a low rate flat tax is not only fair, it's also efficient, it creates prosperity. it's worked every single time and that's what they should do. now how you play it politically, you know, that you have to be on the inside to understand, but i don't mind the republicans coming...
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criticism i've given to president obama on two grounds all year long, is one, his failure to endorse simpson-bowles and address the national debt which i think is a failure of leadership and two, he didn't transcend the political divide of red and blue states. indeed exacerbated it in some of his rhetoric and his very personal attack, negative ads that i was concerned about. so that's, a b-plus from me as a partisan democrat. i'm still a supporter of barack obama. i think he has strong character. jenna: all right. still a passing grade as you just mentioned. >> for sure. jenna: lanny, this is on bill clinton. bill clinton is all over pennsylvania today. he is not the only quote, unquote star on the campaign trail. you have bruce springsteen out there. jay-z, john mellencamp is also out on the campaign trail for the obama-biden ticket. how much do these apearns poos really matter this close to election day? >> they rev up the enthusiasm. they really don't change minds but i think bill clinton's message changed minds at national convention. i think it was the pivotal moment for the barack obama campa
criticism i've given to president obama on two grounds all year long, is one, his failure to endorse simpson-bowles and address the national debt which i think is a failure of leadership and two, he didn't transcend the political divide of red and blue states. indeed exacerbated it in some of his rhetoric and his very personal attack, negative ads that i was concerned about. so that's, a b-plus from me as a partisan democrat. i'm still a supporter of barack obama. i think he has strong...
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he's got more health care cuts than simpson-bowles proposed. >> reporter: yet for all the chumminess of last week's session when there was talk of a blueprint being on the president's desk by now, republican leaders are looking askance at the chief executive, quote, going back on the campaign trail and are accordingly planning their own campaign stale style-events. quote: >> reporter: now, this is just one little thing that caught my eye, and i just have to share it with you, jenna and jon. among the 15 or so small business owners is one louis prince, described as co-founder of vintage vinyl in st. louis, missouri, it is an actual record store. you've got to wonder what they're breaking out for the meeting, maybe i don't some led zeppelin. [laughter] jenna: this is kind of your guys, james, of all apartments, this speaks to james rosen the most. >> reporter: it caught my eye. jenna: what about the timeline? obviously, you just mapped out for us both sides say -- they don't say, but both sides seem to be engaging in a strategy that looks like a campaign to get public opinion on their
he's got more health care cuts than simpson-bowles proposed. >> reporter: yet for all the chumminess of last week's session when there was talk of a blueprint being on the president's desk by now, republican leaders are looking askance at the chief executive, quote, going back on the campaign trail and are accordingly planning their own campaign stale style-events. quote: >> reporter: now, this is just one little thing that caught my eye, and i just have to share it with you, jenna...
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a lot of folks wondering if simpson-bowles is going to come back up again and how much negotiating both side will actually be able to do. >> i think that's right. it's called a fiscal cliff for a reason and going off a cliff is never a good idea. both the congressional budget office and at the other end of pennsylvania avenue, the office of management and budget have said if we do this it's going to have recession-like implications on the economy. so surely this is something that nobody should want to do. i think, frankly, this is a great opportunity for the president to step forward, he's just been reelected, he doesn't have to run for office again, and come up with a plan that actually can pass. and i think that means, don't do the across the board cuts, come up with a way to have really targeted cuts and look at ways to increase revenue by one growing the economy, and two, maybe look at the tax code, just like governor romney suggested, you look at tax code and increase revenue without increasing taxes. martha: yes, i think that that is perhaps one of the best areas that some ground
a lot of folks wondering if simpson-bowles is going to come back up again and how much negotiating both side will actually be able to do. >> i think that's right. it's called a fiscal cliff for a reason and going off a cliff is never a good idea. both the congressional budget office and at the other end of pennsylvania avenue, the office of management and budget have said if we do this it's going to have recession-like implications on the economy. so surely this is something that nobody...
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they upon meet with irskin bowles. he was the co-chair of simpson-bowles commission . mr. bowles had a great plan. he is a democrat, that offered up 800 billion in new revenue and overhaul the tax system and changes to medicare and that's why the republicans are asking the democrats to come in and explain your deal. this plan was hatched in 2010 and everyone walked away from it and now they call bowles back up? it is late. this is what the american people are upset about. nothing gets done. >> steve: we are a month from the cliff. >> gretchen: we could have avoided the cliff if they used the plan as a starting point. americans are upset nothing gets done. >> brian: norquist is the bad guy. you should walk away from grover norquest. he said you have enough money on capitol hill and stop asking us . he's been a watch dog on our money so whether you are democrat or republican you should salute him. he warned you in the past that people who walked away from the no new taxes paid a price. >> remember the gang of 6. three of the people that you mentioned spent eight months in th
they upon meet with irskin bowles. he was the co-chair of simpson-bowles commission . mr. bowles had a great plan. he is a democrat, that offered up 800 billion in new revenue and overhaul the tax system and changes to medicare and that's why the republicans are asking the democrats to come in and explain your deal. this plan was hatched in 2010 and everyone walked away from it and now they call bowles back up? it is late. this is what the american people are upset about. nothing gets done....
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Nov 30, 2012
11/12
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the stupid part about this is there was a study done, we know about it called simpson bowles, the president appointed it. it was a commission done. they worked on everything. nobody refers to it. nobody uses it as a basis. senator corker from tennessee has a 200, 300 page, somewhere in there package which it outlines everything. they say oh, we haven't heard anything from anybody. it's all you know, bs. it's terrible. >> brian: so if this thing goes the way it has gone for four years and the last month and we go off the fiscal cliff what, does it mean to business people like you? >> i don't think it's necessarily all that bad. in other words taxes are going to go up anyway. we'll go back to what happened before the bush tax cuts. we'll go back to that. the economy operated okay then. so it will just happen. maybe sudden and bad because of the cuts that are going to be in there, but if the president and the congress can't get together on cutting on doing something about the deficit and doing stuff, fine let the cliff come. >> brian: but the deficit is not addressed and our defense will be gu
the stupid part about this is there was a study done, we know about it called simpson bowles, the president appointed it. it was a commission done. they worked on everything. nobody refers to it. nobody uses it as a basis. senator corker from tennessee has a 200, 300 page, somewhere in there package which it outlines everything. they say oh, we haven't heard anything from anybody. it's all you know, bs. it's terrible. >> brian: so if this thing goes the way it has gone for four years and...
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Nov 26, 2012
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. >> gretchen: why not have bowles-simpson come back. why do we spend more time. rephrase that. why are we wasting more time trying to come together on a deal when the bowles-simpson. >> brian: they didn't touch entitlements. >> gretchen: it is a starting point. >> brian: they need a point person inside of the administration. >> gretchen: american people are frustrated with getting nothing done and spend six months putting together the plane. come and say here is a good starting point. >> brian: the president never brought it up. and talk about the white house. how sick are the people of ohio and pennsylvania and of all . battle ground state of seeing politicians having rallies. not that sick. president plans to go to key states and trying to sell his cause to raise taxes on the rich and come up with an answer on the fiscal cliff and asking his supporter to do something else on the internet. >> steve: on the internet indeed. the president of the united states has the marvelous and absolutely megacyber operation where they have got hundred [-tz] of, well, let's see. >> brian: on
. >> gretchen: why not have bowles-simpson come back. why do we spend more time. rephrase that. why are we wasting more time trying to come together on a deal when the bowles-simpson. >> brian: they didn't touch entitlements. >> gretchen: it is a starting point. >> brian: they need a point person inside of the administration. >> gretchen: american people are frustrated with getting nothing done and spend six months putting together the plane. come and say here is a...
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Nov 27, 2012
11/12
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half the bowls simpson deficit planned and laid out own formula to save $2 trillion. it is clear republicans like his ideas which would generate $800 billion in revenue through tax reform. meanwhile so much tax reform about allowing the bush tax cuts to allow the wealthy tox expire cost $9.69 billion a day to run. estimated additional revenue from allowing the bush tax cuts to expire would generate an average of $82.4 billion a year. so the money saved would run the government for 8 and a half days, shep. >> shepard: mike emanuel live in our newsroom. warning from the white house tonight. it says americans who may do less holiday shopping this year because they are worried about possible tax hikes in january. if we do go off the cliff, the white house is predicting more serious consequences for the entire economy. a lot of details here and they are coming up inside fox report. well, just hours remain in what is expected to be the biggest online shopping day ever. the research firm core score predicts americans will spend $1.5 billion online today alone this cyber mond
half the bowls simpson deficit planned and laid out own formula to save $2 trillion. it is clear republicans like his ideas which would generate $800 billion in revenue through tax reform. meanwhile so much tax reform about allowing the bush tax cuts to allow the wealthy tox expire cost $9.69 billion a day to run. estimated additional revenue from allowing the bush tax cuts to expire would generate an average of $82.4 billion a year. so the money saved would run the government for 8 and a half...
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Nov 7, 2012
11/12
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so why don't they start there and aim towards simpson bowles, have a new slate? i think it's got to be president obama reaching out. the wordward book was absolutely terrifying about how president obama did not reach out, would not compromise. >> gretchen: can he really change who he is then? which one is president obama? >> i'm actually looking how president obama is. i'm looking how house republicans will behave. i think after last night, the responsibility is on house republicans and speaker john boehner to compromise, even more so because the fiscal -- >> gretchen: why? the president is the leader. >> and john boehner is the leader of one of the branches of government as well. so i think that the fiscal crisis is a manufactured crisis because of the unwillingness of house republicans to compromise and increase revenues. so the bottom line here is that all of these different segments of government need to work together. it's not just the president. >> this is the president's greatest challenge. the divided government is more norm than the exception. this will
so why don't they start there and aim towards simpson bowles, have a new slate? i think it's got to be president obama reaching out. the wordward book was absolutely terrifying about how president obama did not reach out, would not compromise. >> gretchen: can he really change who he is then? which one is president obama? >> i'm actually looking how president obama is. i'm looking how house republicans will behave. i think after last night, the responsibility is on house republicans...
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Nov 6, 2012
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think about his legacy and there is a chance and he will probably move to the middle and embrace the simpson-bowles report and make compromises with the entitlement reform. my guess he would be willing to do that. immigration reform. the republican party needs to deal with it and work together there. and education reform. the president made steps there to try to improve the quality of education and i think he will reach out to republicans on that. outside of that there will be a fair amount of fighting. >> brian: bottom line it has to come to leadership. >> that's the problem with the president. he's leading from behind. look at his record. next to no outroach to the other side and no outroach to independents. he is solely about the liberal base and that's why his policy are disaster for the economy and why we need a change. >> brian: here is both men on the issue and we'll talk. >> i will work with anybody of any party to move the party forward. you will vote for leaders who feel the same way. >> when i am elected. i will work with republicans and democrats in office and meet regularly with their
think about his legacy and there is a chance and he will probably move to the middle and embrace the simpson-bowles report and make compromises with the entitlement reform. my guess he would be willing to do that. immigration reform. the republican party needs to deal with it and work together there. and education reform. the president made steps there to try to improve the quality of education and i think he will reach out to republicans on that. outside of that there will be a fair amount of...
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Nov 14, 2012
11/12
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you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doing this. this president web many got his own agenda. bill: jay carney suggests even the revenue generated by letting those tax cuts end would not be enough to tame the national debt and reenergize the economy. that's how deep the hole is. do you need a grand bargain to get out of that? >> even if you got what the president wanted it would be at the most 12 cents on the dollar, you have still got 88, 90 cents to go. in terms of a grand bargain it will take several months. positively reforming medicare, medicaid and social security. i think he wants to get that big tax increase and they will deal with the other stiff later. he's out to show who's boss now. bill: you mentioned john boehner, the republicans in the house. this is boehner from yesterday. >> instead of raising tax rates on the american people let's start to solve the problem. let's focus on
you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doing this. this president web many got his own agenda. bill: jay carney suggests even the revenue generated by letting those tax cuts end would not be enough to tame the national debt and reenergize the economy. that's how deep the hole is. do you need a grand...
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Nov 26, 2012
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as we did under bowles-simpson put everything on the table. >> reporter: senator durbin, a top democrat in the senate says put everything on the table. though owe went on he is concerned about changes in medicare that might set off gaps in coverage, senior citizens not getting health care coverage. there you go. they're saying to put everything on the table but when you get in the details that's why they haven't come to a deal because the devil will be in the details, jenna. jenna: maybe they start with a salute and end with a handshake. ed, great to see you report great to see you. jenna: thank you very much. jon: several republican lawmakers are toning down their criticism of u.n. ambassador susan rice and her handling of the deadly attack on the consulate in libya. ambassador rice was under fire for appearances on the television immediately after the attack where she blamed it on the youtube video. many vocal critics, like senator john mccain are turning up the heat on president obama and the state department. >> the problem is the president of the united states in a debate with mitt
as we did under bowles-simpson put everything on the table. >> reporter: senator durbin, a top democrat in the senate says put everything on the table. though owe went on he is concerned about changes in medicare that might set off gaps in coverage, senior citizens not getting health care coverage. there you go. they're saying to put everything on the table but when you get in the details that's why they haven't come to a deal because the devil will be in the details, jenna. jenna: maybe...
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Nov 10, 2012
11/12
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the same approach given president obama by the bowles-simpson commission. in washington, jing angle, fox news. >> gregg: anger and frustration is growing. hundreds and thousands still find themselves in the dark almost two weeks after storm sandy. what is it going to take to get things back to normal? >> heather: new questions as well about the resignation of c.i.a. director david petraeus and how it could affect the investigation into the benghazi terror attack. >> person that came and briefed congress the man that was involved with it during, before and after benghazi and stated this was not a terrorist attack, it was a spontaneous demonstration that was caused by the video that was general petraeus. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. to
the same approach given president obama by the bowles-simpson commission. in washington, jing angle, fox news. >> gregg: anger and frustration is growing. hundreds and thousands still find themselves in the dark almost two weeks after storm sandy. what is it going to take to get things back to normal? >> heather: new questions as well about the resignation of c.i.a. director david petraeus and how it could affect the investigation into the benghazi terror attack. >> person...
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Nov 8, 2012
11/12
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it was bowles-simpson. it was a plan will it be more of a same or satisfied with a short-term fix. >> brian: john boehner said he call would on the president to lead. we want to be led. and not only as people pointed out like speaker boehner that there was no leadership and come to legislation with the white house . so did jim manley, the president will have to change and take more of a lead on the legislative process. so did someone else who was a supportive and republican. >> steve: indeed colin powell was in a book meeting in washington d.c. and looked at what the president did last time and needs to do this time. >> it was clear from the beginning that there would beative resistance from the republicans he did. but at the same time, i think he could have done more with respect to setting the right tone and showing some leadership and these are two areas that he has to focus on in his second term . reaching out to the business community and listening. and reacting to what he's being told and successly as
it was bowles-simpson. it was a plan will it be more of a same or satisfied with a short-term fix. >> brian: john boehner said he call would on the president to lead. we want to be led. and not only as people pointed out like speaker boehner that there was no leadership and come to legislation with the white house . so did jim manley, the president will have to change and take more of a lead on the legislative process. so did someone else who was a supportive and republican. >>...
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Nov 29, 2012
11/12
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a reasonable structure as urston bowles and simpson offered a frame work that deals with thing in an intelegentt way . the american people can accept the facts if they are put in a straightforward fashion. we have been subject to the spin and not substance. >> brian: raising taxes on people that earn $250,000, which sad low doesn't touch anything. >> that is part of the spin of the left and i think that that is unfortunate, it suggest that if you tax the other guy you will be okay. when you have a war on crisis economy all americans have to be in and everyone will have to give a pound of fleshh. >> even the dryy cleanner that makes $250,000 be tagged rich may not be the fairest thing in the world. it is an exciting 32 days and that is a countdown clock. >> i am not convinced it is 32 days. i am not convinced if the republicans are not serious of making a deal. it is the president and will go over the with the wind at the back. >> brian: i don't want to be windy. coming up straight ahead. role of the most hated mom in america. who was hired to play casey anthony in a brand new movie.
a reasonable structure as urston bowles and simpson offered a frame work that deals with thing in an intelegentt way . the american people can accept the facts if they are put in a straightforward fashion. we have been subject to the spin and not substance. >> brian: raising taxes on people that earn $250,000, which sad low doesn't touch anything. >> that is part of the spin of the left and i think that that is unfortunate, it suggest that if you tax the other guy you will be okay....